Casinos online and payment options are like bread and butter. You can't have one without the other. Well technically you can, but who in their right mind wants a slice of dry bread! It's not surprising that there are many methods available and more cropping up over time. They come in all shapes and sizes! Which makes finding the right online casino payment method for you that bit more confusing. In the end, it comes down to personal taste. Luckily, we're here to help you make the right decision by taking you through everything there is to know.
Casinos with the Best Payment Option Offer
£88 in Free Play credited upon sign-up
- This is a No Deposit Bonus with unique mechanics.
- New customers are given £88 Free Play funds. Upon wagering, players can get up to £15 in No Deposit Bonus Money.
- The offer must be claimed withi 48 hours from receiving the email, and it expires after 14 days.
- Jackpot wins are not subject to the maximum winnings limit.
- 18+, New Customers Only - www.begambleaware.org
Welcome Bonus of 100% up to £100
- The minimum qualifying deposit is £20.
- Players must wager the bonus amount 30 times within 90 days.
- Wagering requirements vary by game. Deposit balance can be withdrawn at any time.
- 18+, New Customers Only - www.begambleaware.org
Welcome Bonus Up to £40.
- Players must deposit a minimum of £10.
- Players must wager the bonus amount 35 times.
- The wagering requirements must be completed within 30 days.
- 18+, New Customers Only - www.begambleaware.org
Welcome Bonus of £30 + 100 Free Spins, when you deposit £10.
- The minimum qualifying deposit is £10.
- Deposits made with e-wallets to do qualify for the bonus offer.
- The maximum cash out limit is £500.
- The bonus offer is subject to 35 the bonus amount wagering requirements.
- The free spins are released 50 per day after you've redeemed or lost your initial bonus.
- 18+, New Customers Only - www.begambleaware.org
Casino at bet365 - Up to £100 New Player Bonus!
- New Casino customers only.
- Deposit min. £10. Applies to first deposit to Casino only. Max. bonus £100. 20x wagering (game weighting applies) on deposit and bonus to make the bonus balance withdrawable. 18+, Time limits and T&Cs apply.
#ad
Welcome Bonus of 100% up to £50 and 50 Extra Spins The minimum qualifying deposit is £10. Players must wager the bonus amount 40 times within 30 days. The extra spins are available on Book of Dead slot by Play'n Go. The extra spins are valid for 24 hours. The extra spins are credited over 5 days, 10 per day. Maximum bonus wager limit is £5. Game weighting is different per game type. 18+, New Customers Only - www.begambleaware.org Slots - 40 x Bonus
Welcome Bonus 100% up to £500 on Blackjack
- The minimum qualifying deposit is £50.
- The eligible games for this promotion are the following: SportNation.Bet Single Hand Blackjack.
- 40x wagering of Deposit and Bonus required.
- In order to qualify for your bonus you must turnover your deposit value 1x (times) on the eligible games.
- 30 days to meet wagering requirement.
- Max winnings of £2500 per Bonus. Cash winnings are unlimited..
- Players from UK & Ireland only are eligible for the bonus.
- 18+, New Players Only - www.begambleaware.org.
Wagering Requirement:
Online Casino Deposits
Casino game demos may be a good way to learn the ropes. There will however come a point when you will want to play for real money. There's a reason this is called online gambling after all! Your first step will involve making a deposit which brings us to the million-dollar question. Which payment method to opt for?
It's important to understand that certain factors will differ according to the payment option you go with. Limits, fees, bonus eligibility; these are some of the areas which we'll look into in closer detail. By the end of this piece, you'll be able to make a concrete decision on your desired deposit method. For the time being, it's worth pointing out some of the more common payment methods you'll come across.
Literally, all online casinos will offer at least some form of debit card, e-wallet and bank transfer options. Mobile deposit casino payments like Boku and PayForIt are also becoming increasingly popular. As are prepaid voucher style cards like Paysafecard. Other payment options are particularly sought after. PayPal, for instance, is by far the winner at UK casinos. Head on over to other corners of the world like Asia and cryptocurrencies are also becoming a bit of a thing.
Casino Deposits and Bonuses
Choosing a deposit method is hard enough. Put casino bonuses into the equation and you'll need to take extra care. Not all payment methods are eligible for casino promotions. In fact, as a general rule e-wallets such as Skrill, NETELLER and the much-loved PayPal are all exempt. Whether you're a new player looking to pick up a welcome bonus or an existing one needing that extra boost from a reload promotion, the same rules apply. It's why we always suggest reading the full terms.
The main reason for this is down to bonus abuse, particularly amongst new customers. E-wallets make it harder to monitor player verification. New customers have been known to open multiple accounts in order to claim several welcome bonuses. This completely goes against the 'one bonus per household' rule that most online casinos employ. Combine that with the increase in Anti-Money Laundering protocols and you can start to understand why the restriction.
Sometimes, there is a way around this though. And we aren't talking about those no deposit bonuses that we all know and love. If you've ever read the full terms then you know that in order to claim winnings from these, you'll still need to make a deposit. Some online casinos do offer the occasional e-wallet specific promotion. We're talking about ecoPayz bonuses for instance. As you can imagine though, they are like gold-dust and subject to country restrictions. If you happen to come across one, consider it your lucky day!
Other than that, your best option is sticking to debit cards or bank transfers. Then again, you'll need to meet other requirements such as minimum deposit limits. Which brings us to our next section.
£5 Minimum Deposit Casino Sites
Meeting the minimum deposit requirements is essential. We aren't just talking about new customers looking to claim a welcome bonus. Online casinos usually set a minimum on any real money deposit and in most cases, it differs according to payment methods. As a general rule, £10 deposit casino sites are the most popular. If you look hard enough though, you will come across some low deposit casino options.
Unibet Casino, for instance, is a £5 minimum deposit casino. Players are limited to specific options such as debit cards, Apple Pay and also some e-wallets too. If you do decide to sign up though and claim a first deposit bonus, just be sure to check back to the full terms. In most cases, you'll find you need to meet a higher minimum deposit to be eligible.
Looking for a £3 minimum deposit casino? You're getting a bit cheeky here but the good news is that we have seen some options out there. In most cases though, this is limited to players making a casino deposit by phone bill.
Pay by Phone Casino Sites
With on the go play being in such high demand, it was only a matter of time before mobile payments caught on. In case you're wondering it is possible to deposit by phone at online casinos and we aren't talking about phone bills here. As we have seen in the previous section, deposit by phone bill casino sites are also a thing.
As for mobile payments, in many ways, they are similar to online casino payment options on desktop. Most mobile casino sites make their cashier section fully accessible across all devices. Some e-wallets have taken things a step further by developing an app. That way players are able to fully process the payment on mobile.
In even bigger efforts to become fully optimised for mobile, we have seen the launch of a new strain of payments. Courtesy of the likes of Boku and PayForIt amongst many others, it is also possible to make an SMS casino deposit. With so much improvement in technology over the years, we're almost left wondering what's still in store for mobile players.
Withdrawing from Online Casinos in the UK
Deposits are important, particularly for those players looking to pick up a first deposit bonus. Its where the fun starts but if you do manage to hit a big win, you're going to want to cash out. Here is where withdrawal methods step in. In case you were still wondering, they are of utmost importance to players and operators alike.
As for the actual online casino payment methods, most are the same as the ones we outlined in the deposits section. There are some exceptions though. Prepaid cards, for instance, are not available on withdrawals, for obvious reasons. MasterCard and also sometimes Trustly, are a bit of an exception whereby withdrawals are limited to specific countries only. Most of the other debit card, e-wallet and bank transfer options are readily available.
The good news about withdrawal methods is that deposit bonuses are no longer a limiting factor. This is because they are awarded on deposits only. There are other issues though that can pose a restriction on your choice of payments, as we are about to find out.
A Note on Closed Loop Policies at Online Casinos
Some casinos such as Betfair, operate what is referred to as a closed-loop policy. Online gambling has had a long history with money laundering. This has been yet another AML protocol to help put an end to this. The policy limits players to using the same deposit method on withdrawals, where applicable.
It may seem like a bit of a nuisance but its a small price to pay to ensure that the casino remains fully legit. Closed-loop policies can often mean faster processing times on payouts. This is because they make player verification that bit easier. You'll just need to watch out for this to ensure you make the right decision from the start.
How Long Do Casino Withdrawals Take?
In most cases, deposits are instant, regardless of the payment option. Withdrawals, on the other hand, range massively. Obviously, it always helps to opt for a fast withdrawal casino but even then, transaction time will come down to the online payment method. As a general rule, bank transfers and cheques tend to take the longest to process. On the other hand, e-wallets are often the fastest withdrawal online casino payment methods. We've come up with a list to give you an idea of how things work.
- E-wallets: 1 - 3 days
- Debit cards: 2 - 5 days
- Bank transfers: 2 - 5 days
- Paper cheques: 7 - 10 days
Instant withdrawal casino payments are non-existent. The list above further sets things straight. Previously, transactions were swifter but this has changed as time has passed. Licensing bodies have looked to really batten down the hatches on all the abuse including the previously mentioned money laundering.
KYC checks are now mandatory at all casino sites or at least those who want to remain in line with their license. Because of this, all withdrawals are subject to casino player verification. This can take anywhere between a few hours to several days. Processing time is down to the casino's discretion and some are always better than others. Which is why we are about to take a look into the best payout online casinos.
Best Payout Casino Sites
Finding a fast payout casino is all well and good, but we prefer the term 'best'. It's important to always look at the bigger picture. Other factors such as the range of methods as well as safety are just as essential. Just because a site markets itself as the fastest withdrawal online casino, doesn't necessarily mean that you should opt for it.
As we have seen in the previous section, KYC checks are an essential part of the process. It's actually a legal requirement for all licensed casino sites. If you come across one that promises to be an instant withdrawal casino, we suggest you steer clear. The casino site is either not legit, or has a lot of fine print neatly tucked away.
We've saved you the trouble of having to delve deep into the details. Below you'll find a table of the best payout online casino sites. As mentioned previously, don't be surprised if you come across faster payout casinos on the internet. Coming across ones as trustworthy as the below, now that will be a darn sight harder!
5 Best Payout Online Casinos for 2021
| Online Casino | Payout Speed | Payout Percentage |
| Unibet Casino | 1 - 10 Days | 97.45% |
| Casumo Casino | 1 - 5 Days | 97.23% |
| 888 Casino | 1 - 8 Days | 96.87% |
| Betfair Casino | 1 - 5 Days | 96.42% |
| LeoVegas Casino | 1 - 5 Days | 95.63% |
Here's where it gets a little tricky. Above we have given you a rough idea of payout speeds for different casinos. We say 'rough' because there are a number of depending factors. We're going to assume that you have all the correct paperwork in check. Any missing documentation will result in further time lags. Primarily, it will come down to the different type of payment method you opt for.
Players at Unibet for instance, requesting a withdrawal via e-wallet, should receive funds within a matter of hours. Casinos like 888 accept also bank checks but they come with much longer payout rates. LeoVegas, on the other hand, may not accept checks but they offer the added perk of cashing out on weekends. This is where choosing the best payout casino becomes subjective. What we can guarantee is that if you stick to any of the ones listed in the table above, you'll be in good hands.
Casino Payment Options and Fees
Some fees are inevitable when transacting at online casinos but again they can vary. In most cases, deposits tend to be free from any charges. Although we have seen the occasional site that will charge a percentage fee for debit card deposits for instance. Withdrawals tend to come with some charges but again this is subject to the casino's discretion. Those that do impose a fee more commonly do so on bank transfers and this is usually a fixed amount. There is no general rule which is why we always suggest checking out the full terms.
E-wallets for instance such as NETELLER, Skrill or even newer ones like MuchBetter are often a good go. They offer fast payouts and are hassle-free. In most cases, casinos won't charge any fees either. They do however come with their own underlying fees to be aware. Costs include maintenance, service, currency exchange, movement of funds and even dormancy. This is why we always tell you to look at the bigger picture!
Transaction Limits
Yes. We have already seen how minimum deposit varies according to specific online payment methods. The same goes for maximum deposit limits. Generally speaking, these are in line with the limit set by the actual casino. Some payment systems though such as Paysafe's prepaid card tend to bear lower limits. It's just something to be aware of and an easy way around this is buying multiple cards.
Minimum withdrawal limits are often set at a similar amount to deposit limits. Again some exceptions apply such as bank transfers for instance. They often bear higher limits because of underlying costs. As for maximum withdrawals, this is where some discrepancies are seen according to payment methods. Again as a general rule, bank transfers tend to offer high limits.
Casino players also need to factor in restrictions imposed by the actual gambling site. It only takes reading our casino reviews to understand that daily, weekly and monthly limits must also be factored in. If there are any after all. Casinos with no maximum cashout limits are also a thing.
Progressive Jackpot Payouts are an Exception
If you're a fan of big jackpots at slot sites then you're going to want to read on. Imagine landing a win on a progressive only to find out that your withdrawable amount is limited. The good news is that most online casinos have this factored in. At least the top-notch ones we deem trustworthy. Wins from jackpot slots are usually exempt from maximum limits.
In some cases, they'll payout the amount in full in one go. Others will subject this to a series of increments. Either way, you can rest assured that you will receive your winnings on these type of slot machines.
A Word on Safety and Payment Options
Players have questioned the safety of casinos on the internet ever since the beginning. Online casino payment options directly involve the movement of real money. It would only be natural for casino players to question the security of it all. Stick to any of the trustworthy sites we recommend and you can pretty much rest assured that your player funds are in good hands.
As always some options are still that bit safer than others. Debit cards, for instance, are the ones we often advise against. This is because they require players to disclose sensitive data including bank account details. E-wallets, on the other hand, create a middle man between casinos and banks. Of course, they are bound to be a safer method. Then again, there's always the issue with players looking to claim a match bonus. Bank transfers are by far the safest option but they too have their limitations as seen in the previous sections.
You're left wondering which online payment to opt for. Fear not, we're about to answer this.
What are the Best Online Casino Payment Methods?
They come in all shapes and sizes. Some have fast payouts, others bear minimal fees; but how to choose the right one? We said it at the beginning and we'll say it again. It depends on the player and their individual needs. Limits play an important role for instance as players looking for either side of the spectrum are somewhat limited to one or two options.
If you value fast payouts and are looking for the highest level of professionalism, then PayPal almost always comes out on top. It is however limited by country restrictions and not all casinos have been deemed fit to offer the banking method. Moneybookers' Skrill or NETELLER are also great alternatives and more widespread.
But remember the Bonuses!